Salesforce.Com Inc (NYSE:CRM) shares traded -1.9% down during most recent session to reach at the closing price of $155.06. The stock exchanged hands 7.78 Million shares versus average trading capacity of 5.04 Million shares, yielding a market cap of $117.41 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $182.18 within the next 52-weeks. The mean target projections are based on 40 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Salesforce.Com Inc (NYSE:CRM) high price target of $200 and with a conservative view have low price target of $139.
“Initiates Coverage On” Salesforce.Com Inc (NYSE:CRM) in a research note issued to investors on 3/29/19 to Outperform.
Additionally on 3/14/19 “Initiates Coverage On” Salesforce.Com Inc (NYSE:CRM) to Buy setting price target at $185 and on 3/06/19 “Maintained” the stock to Buy at $185. Furthermore on 3/05/19 “Maintained” the stock to Strong Buy at $200.
On the other hand the company has Relative Strength Index (RSI 14) of 42.98 along with Average True Range (ATR 14) of 4.29, Consequently Salesforce.Com Inc (NYSE:CRM)’s weekly and monthly volatility is 3.32%, 2.50% respectively. The company’s beta value is at 1.4.
In terms of Buy, Sell or Hold recommendations, Salesforce.Com Inc (NYSE:CRM) has analysts’ mean recommendation of 1.7. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Salesforce.Com Inc (NYSE:CRM)’s minimum EPS for the current quarter is at $0.6 and can go high up to $0.64. The consensus mean EPS for the current quarter is at $0.61 derived from a total of 38 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.74 earnings per share for the same quarter during last year.
Previously Salesforce.Com Inc (NYSE:CRM) reported $0.7 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.15. The company posted an earnings surprise of 27.3%.
Salesforce.Com Inc (NYSE:CRM)’s revenue estimates for the current quarter are $3.68 Billion according to 33 number of analysts, for the current quarter the company has high revenue estimates of $3.71 Billion in contradiction of low revenue estimates of $3.67 Billion. For the current year the company’s revenue estimates are $16.1 Billion compared to low analyst estimates of $15.96 Billion and high estimates of $16.23 Billion according to 38 number of analysts.
Currently Salesforce.Com Inc (NYSE:CRM)’s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 84.5%. However the six-month change in the insider ownership was recorded -46.11%, as well as three-month change in the institutional ownership was recorded 0.09%.